Audit committees play a vital role in overseeing the integrity of financial reporting. But in today’s shifting risk landscape, is your audit committee paying attention to the right things? Most audit committees are effective at executing their core responsibilities, such as selecting and overseeing the independent auditor. But they sometimes fall prey to a checkbox [...]
CRI Partner R. A. Bobbi Hayes will present a break out session at the Construction Management Financial Association's Lonestar Conference in San Antonio, TX on September 19, 2019. The Lonestar Conference is the regional conference for CFMA and includes all the Texas CFMA chapters. Her topic will be Implementing the New Leasing Standards for Contractor [...]
Carr, Riggs & Ingram (CRI) to Host Atlanta Chapter of the American Payroll Association’s 2019 Summer CPP/FCP Study Group
Carr, Riggs & Ingram (CRI) is delighted to host the Atlanta Chapter of the American Payroll Association’s 2019 Summer CPP/FCP Study Group, a ten week program promoting and supporting the professional education, and training of payroll, accounting and human resource professionals in the Atlanta area. “We are delighted to welcome and host our Atlanta payroll and [...]
The current expected credit losses (CECL) journey began with the issuance of an exposure draft in 2010, continued with the issuance of a supplementary document in 2011, and an additional exposure draft in 2012. After much debate and over 3,300 comment letters, the Financial Accounting Standards Board (FASB) released the much-anticipated Accounting Standards Update (ASU) [...]
CRI Partner Debbie Goode serves as the Campaign Chairwoman for United Way of Brevard. Their 2019 Workplace Campaign raised $6.9 million which was a 3.4% increase from the previous year. We are proud of Debbie and all of the positive change she is helping facilitate in her community. You can read more about their campaign [...]
CRI Partner Louise Anderson presented a Business and Accounting class for artists of all genres and arts organizations at The Art Studio in St. Augustine Beach, FL on May 23. Her workshop covered topics such as forming an entity (corporation, LLC, partnership, etc.), expense deductions, record keeping, useful tools, and more.
It’s been almost a year now since the Supreme Court’s South Dakota v. Wayfair decision affirmed the state’s law regarding the taxation of out-of-state sellers. There’s been a lot written in that time about how retailers need to better track sales and compliance with similar laws in an increasing number of states throughout the U.S. [...]
CRI Supervising Senior Robert Madison receives the Certified Valuation Analyst (CVA) designation.
U.S. tax laws have long offered incentives to people who own the homes they live in. Among the most generous of these incentives is the ability to reduce the taxable gain on the sale of a personal residence. Here’s what most sellers need to know to meet the requirements of the law. Are You Eligible [...]
CRI Partner Doug Mims is presenting Currency Transaction Reporting, Documentation, and Monetary Instruments at the Georgia Bankers Association's BSA Experience on Tuesday, August 20, 2019. This experience is designed to take BSA officers, compliance officers, risk management officers, internal auditors, and their teams through all topics that support an effective BSA program. A financial institution is [...]
New York, NY, May 15, 2019 - Carr, Riggs & Ingram Capital Advisors, LLC is pleased to announce that AUA Private Equity Partners, LLC ("AUA Private Equity" or "AUA") completed its second investment for the GCH platform, partnering with the founders and senior management of Kabobs Holdings, LLC ("Kabobs"). Kabobs is a leading manufacturer of hors [...]
CRI Manager Matt McDaniel receives the Associate in Captive Insurance (ACI) designation.
DALLAS, TX – (MAY 10, 2019) – Carr, Riggs & Ingram (CRI) recently celebrated the completion of the renovation of their Dallas, Texas office. To better serve their staff, as well as their clients, the new environment utilizes the latest technology to streamline collaboration and ensure seamless integration with current practices. The newly renovated 22,500 [...]
Manufacturers should have a firm grasp on how much it costs to produce their products. This knowledge ensures that they can control expenses, account for future production needs, isolate inefficiencies, set appropriate prices on produced merchandise, and improve profit margins. Understanding production costs also allows a company to respond more effectively to changes in the [...]
The breakdown of a major piece of manufacturing equipment triggers a domino effect of halted production. This unexpected shutdown usually results in costly last-minute repairs, late or canceled orders, and angry customers. Manufacturers who conduct predictive maintenance on machines and equipment can reduce the risk of an unexpected breakdown. Understanding Predictive Maintenance A manufacturer can [...]
In February of 2013, Executive Order 13636, “Improving Critical Infrastructure Cybersecurity,” was introduced as a means of sharing cybersecurity threat information. The goal was to build a framework around standardized security for the United States to reduce potential risks to critical infrastructure. One year later, the National Institute of Standards and Technology released version 1.0 [...]
Business leaders spend most of their time and energy assessing risks and weighing them against possible rewards. Unfortunately, many leaders overlook one of the most common challenges facing businesses today — the risk of occupational fraud. To build a successful business that stands above its competition, you need a solid foundation of controls to deter [...]
Governments are continuing to identify new avenues to borrow and are diversifying their debt-issuance practices. One of the newer trends in governments is direct borrowing from banks. These borrowings have led some users of the financial statements to have some concerns about the level of disclosure provided in the notes to the financial statements. Inconsistency [...]
SHALIMAR, Fla., April 30, 2019 - Carr, Riggs & Ingram Capital Advisors, LLC is pleased to announce that KOMAN Government Solutions, LLC (KGS), a wholly-owned 8(a) subsidiary of the Natives of Kodiak, an Alaska Native Corporation, recently completed an acquisition of Trinity Analysis & Development Corp. (TRINITY). TRINITY will continue to provide continuity and support [...]
New Software Company Focuses on Predictive Analytics to Help Forecast Industry Trends and Maximize Revenue ENTERPRISE, Ala., April 1, 2019 - Carr, Riggs & Ingram (CRI) recently launched CRI Advanced Analytics, a new software company focused on providing clients with actionable data to help them prepare for future trends in their industry. CRI Advanced Analytics provides innovative [...]